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Cambodia provides full import & export duty exemptions for YN enterprises

Source:   Time:

A meeting was held yesterday (September 15) at Kunming to promote investment to Cambodia jointly by Yunnan Provincial Department of Commerce and Council for the Development of Cambodia. Vice chairman of the Council for the Development of Cambodia introduced the country’s 10 investment incentives, namely “political and macroeconomic stability, pro-business government, competitive investment preferential policies and investment promotion agency providing one stop services, etc.” Besides, he promised that each Yunnan entrepreneur who invested in Cambodia would enjoy smooth contact with high-level officials of the country.

Referring to the investment preferential policies, Cambodia provides full import and export duty exemptions for Yunnan enterprises and the tax-free period is 9 years. The only difference between a foreign investor and a Cambodian is that a foreigner does enjoy the right to purchase land, but the land lease for them can expand to 99 years.

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